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THE MICAM 84 – THE EXCELLENCE, CREATIVITY AND PROFESSIONAL DEVELOPMENT
Excellence, creativity and professional development
at “the MICAM84”
The world’s most important footwear trade fair gets under way. With 1441 exhibitors (including 797 from Italy), the MICAM features lots of new names this year: Fashion Square will see the participation of Giorgio Armani, Jimmy Choo, Dolce&Gabbana, Sergio Rossi and Ermenegildo Zegna. Long-awaited events include an exhibition of Gastel photographs.
Creativity, passion, consolidated experience and plenty of enthusiasm: these are the key ingredients making the 84th edition of the MICAM, the international footwear trade fair at Fiera Milano (Rho) September 17 through 20, truly unique and special.
From the increasingly glamorous and attractive exhibition layout to a parterre including more and more prestigious exhibitors every year, the MICAM is proud of its international status as it opens this season: exhibitors who come here to meet buyers from all over the world rightly consider the event an essential opportunity to launch new products, establish and consolidate business relationships, and finalise their international marketing strategies.
the MICAM’s leadership on the world trade fair scene is confirmed by the presence of 1441 exhibitors (797 from Italy and 644 international), making the event the most highly qualified and authoritative showcase of top end footwear collections. A vital exhibition, the utmost expression of the creativity and quality of one of Italy’s most important industries, with more than 77 thousand people directly employed by almost 5 thousand companies.
the MICAM84 maintains continuity with the relaunching project begun in February: the creation of a new concept for pavilions 1 and 3, arranged with larger, more practical areas where buyers and exhibitors can interact, and a tunnel directly linking iKIDS Square with pavilion 6. Style Square in pavilion 3 has a new layout, joining the area focusing on the most prestigious international stylists’ collections with the work of emerging talents in the footwear industry: the perfect combination of research in style and creativity with an opportunity to view the work of established names and emerging new fashion designers together.
the MICAM’s allegorical voyage through Dante’s “Divine Comedy” continues this year, focusing on the theme chosen by Assocalzaturifici for its new advertising campaign. After the sin of “Lust”, theme of the February event, this edition of the MICAM focuses on “Seduction” to represent the beauty and hand-crafted quality of Italian shoes, icons of uniqueness and expression of elegant, refined style.
As a symbol of authenticity, Italian footwear encloses a cultural identity worth protecting and preserving, making it necessary to “invest” the joint efforts of the entire industry in concrete actions. Not only well-known brands but big names in fashion have turned out to support Italian manufacturing industry by participating in the 84th edition of the MICAM: Fendi, Salvatore Ferragamo, Gucci, Prada and Tod’s are back at Fashion Square, a futuristic area focusing exclusively on the most prestigious brands, which welcomes a number of important new brands this year including Giorgio Armani, Jimmy Choo, Dolce&Gabbana, Sergio Rossi and Ermenegildo Zegna.
The fashion industry has worked together with the support of Italian institutions to set up an ambitious project which will be concretely implemented by coordinating with the calendar of Milano Moda Donna: for the first time, the last day of the MICAM will coincide with the opening of fashion week in Milan. This strategic timing is the result of cooperation throughout the fashion industry, bringing fashion shows and trade fairs in Milan together to make the city a true symbol of Italian fashion.
But promotion and protection of the excellence of Italian products are the true challenges facing the MICAM. Cultural identity, top quality, refined design and quality materials are what make Italian shoes stand out from the rest: fashion is not just “business”, it’s culture and tradition. “We really need consumers to see that there is a history behind the products they buy,” says Assocalzaturifici President Annarita Pilotti. “People need to realise that ‘Made in Italy’ doesn’t just mean a product was MADE in Italy; it means it is the product of uniquely Italian creativity. An authentic Italian shoe cannot be copied”.
The concept of “uniqueness” is based on another important theme for the MICAM, prevention of counterfeiting, for the Italian market in counterfeit goods is worth more than 6 billion euros a year and costs the footwear industry 190 to 240 million euros in losses.
“Counterfeiting damages the image of Italian-made goods and undermines the country’s entire economy,” adds Pilotti. “It is very important to educate consumers about the importance of buying authentic Italian-made goods, to ensure that the new generation of consumers are aware of the risks they run if they buy copies. Our common goal is to protect Italian creativity, and the MICAM is the ideal place for promoting it,” she concludes.
The event is also about entertainment and education: the packed calendar of events at the MICAM Square in pavilion 7 will include fashion shows featuring more than 80 international brands showing previews of S/S 2018-2019 fashion and footwear trends – held every day at 12:45 in the MICAM Square. Seminars and presentations by trend specialists from WGSN will be held in pavilion 7, with in-depth information for the US and Canada, information on new materials used and consumer behaviour, while iKIDS Square in pavilion 4b focuses on footwear and fashion trends for children in spring/summer 2018.
Once again the MICAM consolidates its partnership with Proraso, back in Man Square in pavilion 1 with a three-seat “Barber Shop” where men can get a shave or have their beards trimmed. There will also be a couple of shoe-shine stations set up beneath the iconic installation shaped like a man’s show. Food and originality will be offered by Yujia Hu, a 28-year-old chef and artist known to the public as “the onigiri artist” for creating “shoeshi”, that is, shoe-shaped sushi: on September 17 and 18 he may be seen at work, and his sushi styles inspired by shoes on exhibit at the fair will be available for sampling.
The footwear industry is holding a competition for young people who want to learn the basics of the trade and require professional training:“The myth and magic of Asia”, held in partnership with MIUR, the Italian Ministry of Education, Universities and Research, with the participation of more than 70 schools of various levels. The winners’ projects will be on display in pavilion 1 throughout the event, and awards will be presented to the young people during a show at 10:30 on September 19.
The partnership with ITA Agency for promotion of the MICAM continues: with ITA’s support and funds from the Ministry of Economic Development, the event will once again host a selection of qualified international reporters and buyers.
In order to make it easier for visitors to get to the trade fair district in Rho, the MICAM has set up a partnership with Airbnb, the online portal for offering, locating and booking lodgings in homes all over the world: through integration of the MICAM’s web site with Airbnb, visitors can now view the available options closest to the Rho trade fair district and book their lodgings directly online.
Scheduled events include a thrilling evening at Fashion Square in pavilion 1 on Sunday, September 17 featuring special guests: the newly elected Miss Italia 2017, Alice Rachele Arlanch, and football player Alessandro Del Piero, who will present Promoted by:
“the MICAM Award” to the best international buyer and the “Shoe Retailers Century Award” to eight Italian buyers who have been in business for over a century. This will be followed by a “Seduction Remix” party featuring guest star Bob Sinclar.
On September 15 through 30, at Spazio Borgonuovo in Milan’s fashion district, the MICAM presents a special photo exhibition based on the book “Similitudini. L’arte della calzatura italiana” (“Similes. The art of Italian footwear”) by Giovanni Gastel. The famous photographer created very unusual images starting from a detail of Italian shoes made by Assocalzaturifici members.
the MICAM has a growing presence on the social networks, with a twitter account (@ITfootwear), Instagram channel (@themicam), Facebook page (theMICAM) and the Assocalzaturifici platform, “Italianshoes.com”. During the event, visitors will be able to take selfies at the “Gif Booth” and print them out or share them on the social networks (#themicam).
See you at “the MICAM84” September 17 through 20!
Via Monte Rosa, 21 I-20149 Milano
Telephone +39 02 43829.1 Fax +39 02 48005833 email@example.com www.themicam.com
Milan, 15 September 2017


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- Kanye West continues to cause trouble
- His former sponsor Adidas is being sued
- The reason is antisemitic remarks that rapper made last year
Kanye had it all for a while. He had a long-standing partnership with Adidas, which has since ended as well. But their story didn't end there. Because Adidas shareholders filed a class-action lawsuit against the brand. They're blaming Adidas of failing to warn investors about the antisemitism and "extreme behaviors" exhibited by Kanye.
Will Adidas concede?
In the lawsuit, shareholders say that Adidas "routinely ignored" his behavior as early as 2018. The company said in February that it expected to lose US$1.3 billion this year because it's unable to sell the designer's Yeezy clothing and shoes.
Kanye's public persona doesn't help them much, but Adidas' lawyers are confident they can win the case.
Watch the video above to learn more!

domain: news


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NORWEGIAN CONSUMER AGENCY
need2know: 9 macro triggers that market would watch today
Two separate surveys undertaken by AC Nilesen and Mastercard point to a dip in consumer confidence in India.
GST pulls down India Inc net by 15.7% to Rs 87,475 crore in Q1
According to an analysis of 2,108 companies by credit rating agency Care Ratin...
Doklam effect? How India plans to make going tough for Chinese firms
India is redrafting, and in some cases tightening, rules for business in...
Trai wants industry body of cloud service providers
The regulator has also tasked the Telecommunications Standards Development Society, India (TSDSI) to develop cloud services inter-operability standards.
India enters global smart-meter race to fight utility losses
For India, smart meters represent a possible gamechanger by handing power distribution companies the ability to address billing inefficiencies
Festive season: 6,916 regional brands advertise aggressively in H1 and the number may rise
There was a 7% increase in regional advertisers in 2016. There were 12,027 regional advertisers in 2016 compared with 11,278 in 2015.
Sensex rallies 322 points; Nifty50 ends near 9,900; Tata Motors top gainer
VIX eased for the second day, down 2.6 per cent while the advance-decline ratio stood at 2:1.
8 points from new consumer protection bill that ensure buyers are not taken for a ride
The new law will revolutionise consumer rights in India by investing consumers and agencies with a lot more power than they currently have.
Military canteens can learn a lot from modern retailers: M Baladitya, CSD
"When they do a contract with Canteen Stores Department, they have to assure us in writing that they will not sell any product anywhere at a price lower than us."
Taking aim at China, India tightens power grid, telecom rules
Local firms have long lobbied against Chinese involvement in the power sector, raising security concerns and saying they get no reciprocal access to Chinese markets.
'Consumers hailed GST, but there's need for awareness'
Jitendra Singh stressed for launching awareness exercise by the government and other agencies to overcome certain issues related to the new taxation measure.
Deep sleep reinforces learning of motor skills: Study
San Francisco, Aug 14 (IANS) Neuroscientists at the University of California here have discovered that the animal brain reinforces motor skills during deep sleep.
How social media has become an effective tool for telcos to poach customers and is enticing job-seekers
Executive search firm Ema Partners said it has mandates from cos to hire social media experts where the salaries could range from $150,000 to $250,000.
Warning from history: Could Japan-style crash hit China?
The Chinese economy and its currency are tightly controlled by the state and shielded from foreign influence to a far greater extent than Japan.
India is quietly preparing to end Chinese businesses' free run here
Local firms have long lobbied against Chinese involvement in the power sector, saying that they get no reciprocal access to Chinese markets.


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Release dates: every game confirmed for 2017
Injustice 2: tier list and base character stats ranked for the full roster
EA’s confirmed it’s to announce some new games today.
EA's Studio Showcase 2010 headlines
EA's Studio Showcase 2010 latest
EA to announce new games tonight


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HMD Global was largely expected to launch the Nokia 7.1 Plus smartphone at its event in New Delhi today, but instead it made the Nokia 3.1 Plus official. However, leaks surrounding the Nokia 7.1 Plus aka Nokia X7 continue to surface, and this time the device has been spotted on Geekbench. The listing hints at a Snapdragon 710 SoC, Android 8.1 Oreo, and 6GB of RAM. Additionally, past rumours have already hinted at display, camera, and battery specifications of the alleged Nokia 7.1 Plus aka Nokia X7 device. The company recently confirmed on Weibo that it will launch the Nokia X7 in China on October 16, and even bragged about its low light photography capabilities.
The new GeekBench listing of the Nokia X7 shows a single-core score of 1,827 and a multi-core score of 5,937. As mentioned, the listing suggests that the Nokia X7 will be powered by the Snapdragon 710 octa-core processor paired with 6GB of RAM, however there may be a 4GB RAM variant as well. The Nokia X7 is listed to run on Android 8.1 Oreo out-of-the-box. The Geekbench listing was first spotted by Dutch site Telefoon Abonnement.
While the Chinese variant is in the offing, the Nokia 7.1 Plus global variant’s launch is now a mystery once again. The Nokia 7.1 Plus was expected to launch on October 4, but that didn’t happen, and we saw the Nokia 7.1 go official instead. The same thing happened at the October 11 event, where we saw the Nokia 3.1 Plus announced. It looks like HMD Global will launch the Nokia X7 in China first, and then bring the Nokia 7.1 Plus in global markets at a later date.
Past leaks tip a 6.18-inch full-HD+ (1080×2246 pixels) TFT display with an 18.7:9 aspect ratio, 4GB/ 6GB RAM, and 64GB/ 128GB of onboard storage. The Nokia 7.1 Plus is expected to sport a dual rear camera setup with a 13-megapixel primary sensor and a 12-megapixel secondary sensor. On the front, the handset will get a 20-megapixel selfie camera. The phone will be backed by a 3,400mAh battery unit. It is expected to sport a small display notch, a substantial chin on the bottom, vertically aligned set of dual rear cameras, a rear-mounted circular fingerprint sensor, and Android One branding. The Nokia 7.1 Plus may come in two colour options – one in Silver shade and the other in a brownish shade.


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[dropcap]I[/dropcap]n a bid to promote patent registration among the small and medium enterprises (MSME) to protect their innovation, Haryana government has launched a scheme to grant financial assistance of up to Rs 25 lakhs.
Minister Capt Abhimanyu told media that the state government has implemented the ‘Patent Registration Scheme’ for MSMEs.
“A notification to this effect has also been issued by the department. The scheme would provide assistance for obtaining patent registration on the products of the enterprises, and would remain in operation for a period of five years,” Abhimanyu added.
In this scheme, the government has made provision for grant of financial assistance on the grant of patent registration to secure the rights of enterprises over their traditional product or process. Under this, reimbursement of 50% of the actual expenses, including filing, consultancy, search and maintenance fee, would be granted, subject to a maximum of Rs 25 lakh for both domestic and international patent registration.
MSMSEs can get the benefits sending an application on prescribed form for the reimbursement of expenses incurred in acquiring patent registration. Other listed documents need to be submitted to the Director of Industries and Commerce, through the web portal of the department.
Only those MSMEs which have acquired patent registration after August 14th, 2015 and before August 14th, 2020 would be eligible under this scheme.
This registration will give the owners an exclusive right to prevent or stop others from making, using, offering for sale, selling or importing a product or a process, based on the patented invention, without the owner’s prior permission.
The deficiencies, if any, would be communicated to the applicant on-line within 10 working days and the applicant would be given eight weeks to rectify the deficiencies so pointed out, he said.


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All Star Pizza will be open in the spot that formerly housed a Mediterranean restaurant in the shopping center at the intersection of Los Alisos and Trabuco Road. The family-oriented eatery will sell wine and beer and serve pizza, salads and other moderately-priced fare seven days a week. It will cater to youth athletic teams and family events and will have several TVs showing live sporting events and other programming.
The 500-square-foot outdoor patio will be enhanced with landscaping, fencing and upgrades to existing planter walls along with picnic-style seating. The restaurant is expected to open sometime in June.


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A new Milo recipe is leaving a bitter taste in Kiwi mouths after Nestle altered ingredients in the popular chocolate drink.
Fans aren't happy and are calling for it to be changed back.
The 80-year-old recipe has had B1, magnesium and vanilla flavouring removed and replaced with more vitamins and minerals.
A Facebook page is calling for a change of heart from the makers and has almost 4000 likes.
The outcry has seen an original packet of $9 Milo sell on TradeMe for $20.
Nestle says the changes weren't made lightly and the drink was improved for health benefits.
But the message from long-time Milo fans is if it ain't broke, don't fix it.
source: newshub archive


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Terra’s native stablecoin TerraUSD (UST), which has been the debate of town for the previous few weeks now, is at its worst for the time being.
Stemming from UST liquidations and the broader market demolish, UST is currently purchasing and selling at a much less dear model of seven%, whereas Terra’s native token LUNA is down by 37.6 on the week%.
Terra’s Stablecoin Loses Peg
The final 24 hours beget been terribly uneventful for Terra ecosystem patrons as TerraUSD, identified to be the largest decentralized stablecoin, lost its peg. The depegging change into initiated due to the a bunch of withdrawals from the largest Dapp on Terra chain, Anchor Protocol.
The lending platform noted the total price locked on it declined. Loads of the patrons on the platform pulled their investments ensuing in the total deposits on Anchor falling by $5 billion.
At this time, down from $14 billion, the deposits on the protocol fully amount to $9.3 billion.
Following this, UST started being pulled out of liquidity pools on Curve, and Terra additionally joined in by liquidating $150 million in UST. Though it redeposited $100 million, the fright had already ensued.
It did now not shield too lengthy for the UST peg to destabilize, and by the tip of the day gone by, UST change into purchasing and selling at a much less dear model of 1.2%. Alternatively, at the time of writing, the broader market demolish and Luna Foundation Guard’s (LFG) most traditional transfer has left the stablecoin broken.
LFG Sells $750 Million in Bitcoin
In a chain of tweets, the LFG announced that owing to the bearish market situation, the organization will be promoting about $750 million price of Bitcoin.
Alternatively, they disguised this promoting by calling it a loan to OTC purchasing and selling corporations and stated that the an identical amount of Bitcoin would be repurchased as quickly as the market cases improved.
This left the LFG reserve stability at dazzling $2.7 billion when it change into at $3.9 billion a week prior to now. As reported by CoinCentral, the LFG had lately purchased $1.5 billion price of Bitcoin for the reserve to run closer to its $10 billion target.
Alternatively, this dumping left patrons infuriated, and extra participants withdrew their Anchor deposits, leaving LUNA and UST in a bind.
At the time of this listing, the stablecoin UST change into purchasing and selling at a 7.4% much less dear model at $0.926, the lowest it has ever been at, and it looks admire the LFG reserve has now not been ready to repair it actively.
Consequentially, with the broader market crashing and the Terra ecosystem noting backlashes from the team, the DeFi chain’s native token LUNA additionally plunged by 35.59%, leaving it purchasing and selling at $43.86.
This demolish added to the already bearish week where the altcoin lost over 20%, bringing the weekly decline to 45.57%.
Though, as per Terra founder Quit Kwon about $1.5 billion in capital has already been deployed to stabilize the UST peg, this could per chance well additionally unbiased be a whereas sooner than it shows its trace.
7/ This would possibly occasionally per chance well additionally unbiased be a in truth crucial different for the terra and wider crypto team to collect empirical recordsdata on how LFG operates & fits into the Terra ecosystem.
Gaze over the following couple of days now not on whether or now not LFG selected to deploy reserves, however on how.
— Quit Kwon 🌕 (@stablekwon) Can also 9, 2022


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Category : News
Fridge van fleets are being urged to take action now to ensure vehicles are Euro 6 compliant – or face big bills when London’s Ultra Low Emission Zone kicks in.
Used commercial vehicle demand is set to remain strong in 2018, according to experts at Cap HPI, following a fall in new registrations in 2017 for the first time since 2011-12.
Conversion specialist Ingimex has expanded manufacturing capabilities at its Telford site under a £1.8m investment set to cut lead times for customers.
The North East Autism Society is fitting in-vehicle driver behaviour technology from Lightfoot to its fleet as it looks to enhance driver behaviour and improve safety.
Privately owned business services firm James Frew has awarded a five-year contract extension to Ctrack after seeing a wide range of benefits from the telematics system.
Fleets can now avoid the perennial issue of flat batteries with the help of the Trakm8 Prime tracking technology.
Fleets are being warned of the need to carry out whole-life cost analysis before switching away from diesel vehicles as latest research finds almost two third sof larger businesses are considering phasing it out.
Senior Traffic Commissioner Richard Turfitt is to outline progress in targeting seriously and serially uncompliant transport operators at the Microlise Transport Conference this spring.
Axis Fleet Management has appointed Steve Lymer as its new sales director.
Tolls on the Severn Bridge have been cut by almost a fifth as the crossings return to public ownership.
Volkswagen Commercial Vehicles has extended its scrappage scheme until the end of March.
Mercedes-Benz dealer Rygor Commercials is driving changes for vans with the creation of a new dedicated business development role.
British Gas has signed up Kwik Fit to supply a range of tyre-related services across its 12,500-strong van fleet as the two firms resume their partnership.
Pontyclun-based LVT Transport has added a new Sprinter to its Mercedes-Benz dominated fleet to service a new contract with a global logistics business.
New light commercial vehicle registrations fall -3.6% to 362,149 units in 2017, marking the first decline since 2012.
CitySprint is trialling a hydrogen van as part of its wider ambition to create a completely emission-free fleet in the Capital by 2020.
Devon County Council has taken delivery of 20 new wheelchair-accessible Iveco Daily minibuses as it updates its community transport fleet.
Van suppliers can nominate themselves for this year’s VansA2Z Van Fleet World Honours, which will spotlight those van suppliers and manufacturers at the forefront of innovation.
Demand for temporary drivers over the festive period saw recruitment firm Driver Hire report record-breaking figures.
Waste management company Veolia has deployed three Iveco Daily Natural Power vans to bring reduced emissions and fuel costs as well as quieter running for a new contract in London.
Fleets including Bristol Waste Company, which operates Bristol City Council’s waste collection service, and the University of Oxford have signed up to a free trial to support research into reducing air pollution.
MCE, a leading provider of motorcycle insurance, has expanded its fleet of Mercedes-Benz Sprinters with 10 Premium Edition models.
Pendragon-owned Evans Halshaw has opened its first dedicated Van Store, focused on offering used vans across the UK.
Vehicle rental start-up Eastgate Commercial has taken delivery of 130 Mercedes-Benz Vans for its new flexible lease offering for fleets.
Alphabet is to expand its AlphaCity corporate car sharing platform into other manufacturers and also add LCVs to the fleet as it reports a near 20% uplift in journey bookings during 2017.
Volkwagen’s new e-Crafter van has started fleet trials with an international group of major customers.
Sheffield City Council has taken delivery of five Renault Kangoo Z.E. electric vans converted to run on hydrogen.
CV manufacturing down 35% in ninth consecutive month of decline.
Switching all of Britain’s commercial vehicles to electric alternatives could save businesses around £14bn a year, according to new research from Hitachi Capital UK.


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For Odwalla, the healthy smoothies and fruit juices brand acquired by the Coca-Cola Company in 2001, close integration of social media and targeted events is paying off, according to Chris Brandt, VP, marketing for the brand.
While Odwalla's marketing mix includes some traditional media advertising, as well as PR and in-store POS, a primary thrust in recent times has been making a splash at festivals that draw large numbers of young actives, and using social media to engage them before, during and after those events.
"As a brand that was actually created by three musicians in 1980, music and out-of-the-ordinary experiences that showcase the uniqueness of Odwalla and its fans are a natural focus for us," sums up Brandt. That "uniqueness" message is the core of Odwalla's current umbrella campaign, dubbed "Campaign Against Ordinary," which was launched in March, along with a redesigned, heavily interactive Facebook fan page.
A prime example of the strategy is underway now, as Odwalla gears up for the Aug. 14-15 Outside Lands Music Festival in San Francisco's Golden Gate Park.
Odwalla's on-site presence will be anchored by a "Fresh Experience Lounge" – a 40' X 40" tent that's hard to miss. Once inside, attendees are immersed in a fanciful, "fresh"-themed world that includes a colorful, 3D, upside-down ceiling landscape featuring a cow grazing near a pond.
Lounge visitors can sample the brand's large range of beverages and nutritional bars, use on-site computers for social media networking/email, enjoy DJ's and other entertainment and, if so inspired, get up and advocate the brand on a podium, or give an impromptu performance of their own, using provided musical instruments/amplification equipment.
A core component of the social media tie-in is a "Living Flavor Vending Machine (LFVM)" -- a large mobile stage that looks like a vending machine, installed within the lounge. Between July 12 and 29, Odwalla ran a "Rock the Bay Ticket Giveaway and Contest."
The contest encouraged fans to submit videos, through a "Fresh Stuff" tab on Odwalla's Facebook page, that showcase their talents (any act that's "unique, positive and entertaining"). The winners will perform live on the LFVM stage during the Outside Lands event, and also receive two VIP event tickets.
Contest entrants were also encouraged to ask friends to check out their Facebook-posted videos and in turn share them with others. Brand fans not inclined to perform could enter a sweeps, also through the "Fresh Stuff" Facebook tab, for a chance to win a pair of Outside Lands tickets.


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Investors cannot be counted on to make rational choices so regulators need to "step into their footprints" and limit or ban the sale of potentially harmful products, the head of the UK's new consumer protection watchdog said.
In an interview with the Financial Times, Martin Wheatley, who will head up the Financial Conduct Authority (FCA), said the 2008 financial crisis had fundamentally reshaped regulators' assumptions about consumers.
"You have to assume that you don't have rational consumers. Faced with complex decisions or too much information, they default ... They hide behind credit rating agencies or behind the promises that are given to them by the salesperson," said Wheatley.
He said rather than simply ensuring consumers are provided with complete and accurate information, the FCA will be monitoring firms to make sure the right products get sold to the right consumers.
"This much more interventionist style in many respects [means] stepping into the footprints of the investors," he told the Financial Times.
For example, the recent £6bn payment protection insurance debacle might have been prevented if the FSA had had the power to tell banks to stop offering the product, Wheatley said.
But he added such bans would be "relatively rare ... Interventions should be the last tool you grab when all others have failed."
Instead, FCA supervisors would push firms to improve the way they designed and sold products.
"The profitability to the firm appears to be a bigger concern than the suitability to the customer," Wheatley said.
First mentioned in Cridland Report
Second acquisition of 2019
Guy Opperman has rejected calls to speed up changes to auto-enrolment (AE) despite increasing pressure to boost contribution rates and overall savings pots.
Four key areas to focus on
And 94% for critical illness


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13th December 2010
The Clothes Show was not the only fashion show in town this week. Over 250 students from schools in Birmingham, Shropshire and Warwickshire have been cutting their teeth (and cloth) in the world of haute couture in a project titled ‘Fashion International’. Taking their inspiration from Paris Fashion Week, proud team members showcased the results of their activities at Oakland Young People’s Centre in Handsworth yesterday, which included fashion magazines and industry role-plays using their French language skills.
Launched in October by international fashion expert Kim Knowles MBE, the initiative is part of the government-funded LinkedUp Award Scheme which in the West Midlands works in partnership with Aston University. This has seen language teachers nationwide collaborate on innovative language learning projects. Kim spoke to students about the value of languages in the world of fashion and encouraged them to keep up these skills to improve their future career prospects. “Fashion is an extremely exciting and competitive global industry and talking to the pupils through the LinkedUp Award Scheme allowed me to highlight the importance of languages. I really hope that they enjoyed hearing about my experiences in designing and building brands, selling to international markets and building a business. Who knows, perhaps we were talking to the next Paul Smith!”
Keen to share their experience, members of the Fashion International team talked to language teachers from other schools in the area about the different challenges they had been set, and how they worked across different subjects including Design and Technology, and ICT. Expert judges from the industry awarded a prize for the most creative and innovative fashion magazine, which went to Small Heath School for their beautifully presented publication which included an in-depth look at the comparisons between Asian and European fashions. Imed Belhouche, a French teacher at Small Heath, said "we are absolutely thrilled that our students have won this award and it really does reflect how excited they were about the fashion project and how hard they have worked on it."
Winners or not, it’s clear that the project was an exciting and rewarding experience for students and teachers alike. Jarjish from Broadway School commented, “I learned valuable facts about France and the fashion industry.
I also got to work with students from other schools and we worked together as a team. A truly enjoyable afternoon.” Head of Languages Cornelia Smith at Queen Elizabeth School added that the project “has been a great success, opening pupils' minds to new careers whilst giving them higher aspirations and real reasons for studying foreign languages in today's competitive world of work.”
Notes to editors
Links into Languages West Midlands
Links West Midlands is one of nine Links Regional Centres, a nationally co-ordinated network based in universities in each of the nine English regions. They offer a programme of Links core and regional professional development courses, as well as drop-in facilities, networking opportunities, and access to resources. Links West Midlands is supported by a network of Links Local Centres, making professional development opportunities available to all, regardless of where they live. www.linksintolanguages.ac.uk/westmidlands
For further information contact Lawrence Heath, University Communications on 0121 204 4547